November 17, 2024 1:24 am
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Rio Nuevo pushes major high-rise projects forward

By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA — The Rio Nuevo Board voted unanimously to continue moving to finalize the agreements for the $100 million, 20-story tower known as 75 E. Broadway.

“This is the first major office/mixed-use project we’ve seen in Downtown Tucson in decades,” said Board Chairman Fletcher McCusker. Current plans include retail, office space, residential and parking at the corner of East Broadway Boulevard and The $38 million conversion plan for 1 South Church moved forward also with a unanimous vote of the Board reaffirming their commitment to the project.

Opwest Partners, an investment and development firm with expertise in mixed-use, hospitality, resort, residential, entertainment, office, retail and recreational properties, is on schedule to revitalize the 23-story tower and convert eight lower floors into a five-star luxury hotel.

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